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Quarterly Report For The Quarter Ended 29 February 2012

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Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Second Quarter Ended 29 February 2012

Unaudited Condensed Consolidated Statements Of Financial Position
As Of 29 February 2012

Review of Performance

For the quarter ended 29 February 2012, the Group achieved revenue of RM34.44 million and a profit after tax of RM0.22 million, compared to a profit after tax of RM0.24 million for the corresponding quarter last year. The performance of each operating segment is as follows:

Precision stamping & tolling segment

This segment recorded a revenue of RM56.91 million and a profit of RM4.15 million for the financial period ended 29 February 2012 as compared to a revenue of RM61.50 million and a profit of RM4.58 million for the corresponding period last year.

The decline in revenue was mainly due to slowdown in customer order particularly for components for LCD TV and panel TV. Japanese TV makers are facing stiff competition from Korea and Taiwan.

Printed circuit board ("PCB") & module assembly segment

This segment recorded a revenue of RM20.80 million and a profit of RM1.50 million for the financial period ended 29 February 2012 as compared to a revenue of RM17.98 million and loss of RM0.35 million for the corresponding period last year. The increase in revenue was mainly due to increase in assembly of complete audio sets. However, due to volatile market conditions, this trend may not continue in the upcoming quarters.

Fabrication & forging segment

This segment recorded a revenue of RM4.81 million and a loss of RM0.24 million for the financial period ended 29 February 2012 as compared to a revenue of RM6.11 million and a profit of RM0.23 million for the corresponding period last year.

The decline in revenue was mainly due to slowdown in customer order from steel forging parts for automotive industries.

Current Year Prospects

The Board foresees the current year's prospect to be challenging due to the uncertain global economics environment. Nevertheless, the Group will continue in its effort to reduce costs and improve productivity.